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Oct 11, 2013
10/13
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i think people are talking about tax reform that would be tax neutral. and the question is what is on the stabtable there and that's little unclear. i think we do need entitlement reform as a democrat and a progressive. i think sometimes progressives have been slow to come to the table on this. when you combine entitlement reform and service on the debt, you're going to be talking somewhere close to 60% or 70% of the budget. so i think it's in the long-term interest of both parties to be talking about entitlement reform because of the trend lines, particularly on health care entitlement. so i think that there is certainly some common ground that both parties can find both on taxes and entitlement. you just have to do it in an environment that is not kind of a negotiating environment where one party has the gun to the head of another party with this government shutdown or a threat of not raising the debt ceiling. these are environments that are not conducive towards getting agreements on very, very complicated issues on both taxes and entitlements. again,
i think people are talking about tax reform that would be tax neutral. and the question is what is on the stabtable there and that's little unclear. i think we do need entitlement reform as a democrat and a progressive. i think sometimes progressives have been slow to come to the table on this. when you combine entitlement reform and service on the debt, you're going to be talking somewhere close to 60% or 70% of the budget. so i think it's in the long-term interest of both parties to be...
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Oct 15, 2013
10/13
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the tax in flow, 257.1 billion january to august. the public debt up 570.6 billion, the january to august period up, as well. now, that latest news coming out of the italian cabinet attempts to agree to 2014 budget later today when it begins discussion on the draw. the prime minister letta will attempt to revise the struggling economy by cutting taxes and spending offering relief to commercial banks and giving incentive to firms offering workers permanent contracts. this as portugal is expected to today. julia is in luxembourg and join us for more. so are we comfortable those budgets are going to deliver sustainable finances and not damage growth too much, jules? >> well, ross, it's a fair question, isn't it? i think the suggestion would be that the movement continues as far as consolidation is concerned. what we're going to see next year is less than the consolidation we've seen in previous years. putting growth at the tart of these budgets, still very difficult for countries like ironland, like spain, despite the fact that we are h
the tax in flow, 257.1 billion january to august. the public debt up 570.6 billion, the january to august period up, as well. now, that latest news coming out of the italian cabinet attempts to agree to 2014 budget later today when it begins discussion on the draw. the prime minister letta will attempt to revise the struggling economy by cutting taxes and spending offering relief to commercial banks and giving incentive to firms offering workers permanent contracts. this as portugal is expected...
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Oct 14, 2013
10/13
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has he done enough to merit living tax free? is he a tax exile? he hasn't paid much in the past few years anyway. are we just jealous that he has an island he can move to? >>> meanwhile, george osbourne began a week long visit to china with the announcement of an $800 billion development contract. they will develop land around man chester airport and described it as one of the biggest projects since london's olympic park. >> it's impressive because it's an $800 million joint venture between the beijing group and carillion and this is the first investment between the two groups. >> the sunday time reports t.d. may make a bid for the i.s. citizens. both countries are declining to contract. the dominion bank is down 1/3. up 2% for rbs. >>> italian shareholders will vote on a $3 million capital increase to keep it afloat. they were thrown a life line on friday. there are conflicting reports of whether the klm will participate. today they're off 1 point poip 7%. >>> brittain is said to be extremely close to signing a bill with france's pdf agency. the
has he done enough to merit living tax free? is he a tax exile? he hasn't paid much in the past few years anyway. are we just jealous that he has an island he can move to? >>> meanwhile, george osbourne began a week long visit to china with the announcement of an $800 billion development contract. they will develop land around man chester airport and described it as one of the biggest projects since london's olympic park. >> it's impressive because it's an $800 million joint...
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Oct 10, 2013
10/13
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government and raise the debt ceiling in return for killing the medical device tax. that, of course, is part of obama care. >>> treasury secretary jack lew testifies about the debt ceiling before the senate finance committee. that's at 8:00 a.m. eastern. he's expected to warn lawmakers he won't be able to guarantee payments to any group such as social security, military veterans or used bondholders if congress doesn't agree to raise the debt limit. lew plans to say he would do all he can to minimize the pace, but he would be relying on an erratic slow of incoming tax revenue and there's no certainty the u.s. could make interest payments. the fed and treasury department are reportedly preparing contingency plans in case of a possible debt default. officials are closely watching the market for banks often use bonds as collateral for short-term use of our banks. officials reportedly don't want to divulge specific details because they don't want to suggest to investors and republican lawmakers the u.s. can't muddle through a dead default. >>> meanwhile, fidelity investme
government and raise the debt ceiling in return for killing the medical device tax. that, of course, is part of obama care. >>> treasury secretary jack lew testifies about the debt ceiling before the senate finance committee. that's at 8:00 a.m. eastern. he's expected to warn lawmakers he won't be able to guarantee payments to any group such as social security, military veterans or used bondholders if congress doesn't agree to raise the debt limit. lew plans to say he would do all he...
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Oct 16, 2013
10/13
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it would now be illegal for countries to have no tax on the staff anywhere else. and while that's all going on, allen, we try and look towards some kind of banking union as well in europe. we're still going to work out the single market resolution fund. look, what -- what is your assessment right now? investors now clearly say, it's not a break-up of the eurozone, there's not any default and they're quite happy. >> the survey of data have done very well. so what we could -- >> i was going to say, i'm thinking of that point, how to get there, the long-term implications of the u.s. debt debacle at the moment is that people may be reduce their re reliance. >> we maybe have a bit of a pain threshold at the moment in europe. inflation is incredibly low. we'll get the next prints at 10:00, 1.1%. it could go below 1% in the coming months. so in that environment, maybe the ecb takes some pressure off the euro. 11% is a psychological level. some countries are below that and a very good reason for it to go down. it may come on the radar screen. >> very much harder to reduce
it would now be illegal for countries to have no tax on the staff anywhere else. and while that's all going on, allen, we try and look towards some kind of banking union as well in europe. we're still going to work out the single market resolution fund. look, what -- what is your assessment right now? investors now clearly say, it's not a break-up of the eurozone, there's not any default and they're quite happy. >> the survey of data have done very well. so what we could -- >> i was...
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Oct 8, 2013
10/13
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it's not a defact your lower tax rate that makes you want to go and invest. >> absolutely. corporate balance sheets are in pretty good shape in japan. the problem is largely dem dprafices. japan is aging quite rapidly. >> are you surprised that they still have that scare? they've gone quite a bit lower. >> if you were to look at the market pricing, that's given you a warning sign. because the fact that the yen hasn't continued to weaken, it's broadly speaking or been in a range after its prior surge. and the fact that the yields are have started to go down again. equally, you can sit there and say the market is expressing some caution as to whether abe's plan is going to work. >> meanwhile, as expected, indonesia's central bank is taking a pause to tightening. bank indonesia hiked rates aggressively. but the rupiah and inflation has stabilized since the fed delayed its own tapering. >> the key discussion here is actually minutes today out with the fed when we get through whatever happens with the government, when do we go back to wondering whether the fed will start taperin
it's not a defact your lower tax rate that makes you want to go and invest. >> absolutely. corporate balance sheets are in pretty good shape in japan. the problem is largely dem dprafices. japan is aging quite rapidly. >> are you surprised that they still have that scare? they've gone quite a bit lower. >> if you were to look at the market pricing, that's given you a warning sign. because the fact that the yen hasn't continued to weaken, it's broadly speaking or been in a...